Vienna-based publisher THQ Nordic acquired three more development studios, the company officially announced on their website. Gunfire Games, Milestone s.r.l, and Goodbye Kansas Games Invest are now added to the company's rich catalogue.
In a triple announcement on their official website, THQ Nordic confirmed the acquisition of three games development studios and all their IP rights. The three studios include Gunfire Games, Milestone s.r.l, and Goodbye Kansas Games Invest.
Gunfire Games are known for Darksiders series and have been a long-term partner of THQ Nordic who published the action-adventure on several occasions. The acquisition includes the development studio that has a team of 63 creative and technical game developers and all IP rights. THQ Nordic will not disclose the price and expect to recoup their investment over the course of 3-4 years as current development projects are published.
As for Milestone s.r.l, you probably know them for racing simulations MotoGP, MXGP, RIDE and Monster Energy Supercross. Milestone currently has 200 developers and will continue to act as an independent entity under THQ Nordic. The acquisition should help Milestone to utilise THQ Nordic's distribution and publishing capabilities.
"Milestone has developed racing games for 25 years now and is leading the two-wheel racing game genre today. With 50 developed games since inception, 8 million copies sold since 2013 and five games under development I am convinced that Milestone will see continued success in the future. I am thrilled to welcome Luisa and her experienced team to the THQ Nordic group," says Lars Wingefors, CEO of THQ Nordic AB.
Goodbye Kansas Games Invest is an investment company founded in 2016, focused on gaming companies under the umbrella of Goodbye Kansas. The acquisition includes a portfolio of minority investments in five early-stage development studios - Palindrome Interactive, Fall Damage, Neon Giant, Kavalri and Framebunker as well as royalty rights to THQ Nordic’s upcoming game Biomutant.